KUALAL LUMPUR: ''Asian markets were mixed on the final trading day of the first quarter of 2011, as some edged up on bargain hunting activities while others remained cautious, awaiting fresh leads.
The FBM KLCI was up 4.80 points to 1,536.43 at the mid-day break, lifted by gains including Petronas Dagangan, Hong Leong Bank and Genting.
However, some mild profit taking emerged as losers overtook gainers by 441 to 278, while 268 counters traded unchanged. Volume was 1.23 billion shares valued at RM1.04 billion.
The ringgit weakened 0.1% to 3.0258 versus the US dollar; crude palm oil for the third moth delivery rose RM3 per tonne to RM3,315, crude oil added 31 cents per barrel to US$104.58 and gold gained US$4.23 per troy ounce to US$1,427.21.
At the regional markets, Hong Kong's Hang Seng Index rose 0.10% to 23,474.11 and South Korea's Kospi edged up 0.08% to 2,093.00.
Meanwhile, the Shanghai Composite Index fell 0.97% to 2,927.15, Japan's Nikkei 225 shed 0.23% to 9,686.63, Taiwan's Taiex lost 0.28% to 8,622.49 and Singapore's Straits Times Index slipped 0.06% to 3,093.53.
Most Asian shares edged up earlier on Thursday, heading for a quarterly gain despite a sharp sell-off earlier this month after disaster struck Japan, while the yen was poised for a quarterly loss on expectations Tokyo will have to maintain super-loose monetary policy far longer than Europe and the United States, according to Reuters.
Concerns about the impact on high oil and food prices on global growth and central bank moves to curb inflation have overtaken worries about Japan's nuclear crisis and unrest in the Middle East, but investors remain cautious, it said.
On Bursa Malaysia, Petronas Dagangan was the top gainer this morning and was up 30 sen to RM15.90; Hong Leong Bank rose 21 sen to RM9.76, Genting 18 sen to RM10.80, Boustead 13 sen to RM5.82, while Ralco, QSR, Faber and Tradewinds added 11 sen each to 88 sen, RM5.24, RM2 and RM8.01 respectively.
DBE Gurney was the most active with 152.99 million shares done. The stock fell three sen to 13 sen.
DBE Gurney's additional 593.33 million new shares and 200 million warrants were listed today. The warrants were issued for free to the subscribers of the renounceable rights issue of 400 million rights shares on the basis of one free detachable warrants for every two rights shares subscribed for.
Other actives included Talam, Perisai, ManagePay Systems, Karambunai and SAAG.
Timber-related stocks extended their losses this morning, with Subur Tiasa down 24 sen to RM3.60, Ta Ann 15 sen to RM6.61 and Jaya Tiasa 14 sen to RM6.20.
AmResearch Sdn Bhd had yesterday downgraded both JAYA TIASA HOLDINGS BHD [] and TA ANN HOLDINGS BHD [] to a Hold from Buy previously, but with raised fair values to RM7.11 (RM6 previously) and RM7 (RM6.30 previously), respectively.
The research said it now had a neutral stance on the sector, given the recent surge in their share prices, adding that the steep run-up in their share prices ' following its earlier upgrade on Ta Ann and its earnings ' had stretched valuations.
Other losers this morning included Warisan, Lafarge Malayan Cement, Ewein, HLFG, Amway, Daibochi and Nestle
The FBM KLCI was up 4.80 points to 1,536.43 at the mid-day break, lifted by gains including Petronas Dagangan, Hong Leong Bank and Genting.
However, some mild profit taking emerged as losers overtook gainers by 441 to 278, while 268 counters traded unchanged. Volume was 1.23 billion shares valued at RM1.04 billion.
The ringgit weakened 0.1% to 3.0258 versus the US dollar; crude palm oil for the third moth delivery rose RM3 per tonne to RM3,315, crude oil added 31 cents per barrel to US$104.58 and gold gained US$4.23 per troy ounce to US$1,427.21.
At the regional markets, Hong Kong's Hang Seng Index rose 0.10% to 23,474.11 and South Korea's Kospi edged up 0.08% to 2,093.00.
Meanwhile, the Shanghai Composite Index fell 0.97% to 2,927.15, Japan's Nikkei 225 shed 0.23% to 9,686.63, Taiwan's Taiex lost 0.28% to 8,622.49 and Singapore's Straits Times Index slipped 0.06% to 3,093.53.
Most Asian shares edged up earlier on Thursday, heading for a quarterly gain despite a sharp sell-off earlier this month after disaster struck Japan, while the yen was poised for a quarterly loss on expectations Tokyo will have to maintain super-loose monetary policy far longer than Europe and the United States, according to Reuters.
Concerns about the impact on high oil and food prices on global growth and central bank moves to curb inflation have overtaken worries about Japan's nuclear crisis and unrest in the Middle East, but investors remain cautious, it said.
On Bursa Malaysia, Petronas Dagangan was the top gainer this morning and was up 30 sen to RM15.90; Hong Leong Bank rose 21 sen to RM9.76, Genting 18 sen to RM10.80, Boustead 13 sen to RM5.82, while Ralco, QSR, Faber and Tradewinds added 11 sen each to 88 sen, RM5.24, RM2 and RM8.01 respectively.
DBE Gurney was the most active with 152.99 million shares done. The stock fell three sen to 13 sen.
DBE Gurney's additional 593.33 million new shares and 200 million warrants were listed today. The warrants were issued for free to the subscribers of the renounceable rights issue of 400 million rights shares on the basis of one free detachable warrants for every two rights shares subscribed for.
Other actives included Talam, Perisai, ManagePay Systems, Karambunai and SAAG.
Timber-related stocks extended their losses this morning, with Subur Tiasa down 24 sen to RM3.60, Ta Ann 15 sen to RM6.61 and Jaya Tiasa 14 sen to RM6.20.
AmResearch Sdn Bhd had yesterday downgraded both JAYA TIASA HOLDINGS BHD [] and TA ANN HOLDINGS BHD [] to a Hold from Buy previously, but with raised fair values to RM7.11 (RM6 previously) and RM7 (RM6.30 previously), respectively.
The research said it now had a neutral stance on the sector, given the recent surge in their share prices, adding that the steep run-up in their share prices ' following its earlier upgrade on Ta Ann and its earnings ' had stretched valuations.
Other losers this morning included Warisan, Lafarge Malayan Cement, Ewein, HLFG, Amway, Daibochi and Nestle
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